{
  "docId": "019de072-9eea-7408-8543-c72489f38f17",
  "docSlug": "c9e71fbd6271807301259b67d6989892",
  "documentTitle": "Apollo Global Management | Results Presentation Deck | 41 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo Global Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 15,
  "pageCount": 41,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 15,
  "notes": "The table shows financial data for 1Q'22, with comparisons to prior periods marked as NM (Not Meaningful) due to the Athene merger on Jan 1, 2022.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de072-9eea-7408-8543-c72489f38f17/15",
  "deckHref": "/decks/019de072-9eea-7408-8543-c72489f38f17",
  "deckJsonHref": "/decks/019de072-9eea-7408-8543-c72489f38f17.json",
  "deckAnchorHref": "/decks/019de072-9eea-7408-8543-c72489f38f17#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.055,
        "w": 0.908,
        "x": 0.046,
        "y": 0.898
      },
      "kind": "disclaimer",
      "text": "Note: Amounts for spread related earnings on this page and subsequent pages are not presented for periods prior to the closing of the merger with Athene on January 1, 2022. As part of the closing process for the Athene merger, Athene's assets and liabilities were marked to fair market value as part of purchase GAAP accounting (\"PGAAP\"). The impact of PGAAP to certain line-items is described in more detail on slides 13 & 14. 1. Spread Related Earnings - Normalized reflects net investment spread adjusted to exclude notable items and normalized alternative income to an 11% long-term return, net of offsets.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a86146a9-8981-474d-b98a-099f2c8e8b03",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.045,
        "w": 0.908,
        "x": 0.046,
        "y": 0.198
      },
      "kind": "paragraph",
      "text": "Adjusting for alternative returns in-line with Athene's historical average and other notable items, normalized SRE produced a net spread of 108 basis points, which is expected to benefit in future periods from the impact of rising interest rates",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7e215416-6223-4996-8a19-686f86414d7a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.045,
        "w": 0.908,
        "x": 0.046,
        "y": 0.135
      },
      "kind": "paragraph",
      "text": "Spread-related earnings exhibited meaningful durability amid a challenging macro backdrop, driven by a stronger asset yield, which benefited from above-trend performance within alternative investments (~6% of portfolio)",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a8d9601e-cd5e-422f-b547-75cc4bb6cf8c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.565,
        "w": 0.908,
        "x": 0.046,
        "y": 0.295
      },
      "kind": "table",
      "text": "Financial table showing line items like Fixed income, Alternative investment income, Cost of funds, and Spread Related Earnings.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d40c1739-3c3a-454e-b661-d093b6599182",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.038,
        "w": 0.351,
        "x": 0.046,
        "y": 0.068
      },
      "kind": "title",
      "text": "Retirement Services Segment",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "31e14fe7-13af-4a20-9e9b-64baf1fc7002",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 11,
      "beatId": "3eeaf620-6b58-40ab-a92e-6aa40f0c8a91",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Desire",
      "beatSlug": "aida-desire",
      "evidence": "The segment details and KPI overviews create a desire to learn more about the company's business segments.",
      "position": 2,
      "confidence": 0.7,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 11,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "c3844037-6aa2-4c99-af6d-f0dc06b9816c",
      "evidence": "The presentation uses the golden circle framework to explain the company's business segments and their performance.",
      "position": 1,
      "objective": "To explain the company's business segments",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.6,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}